Saturday, 26 July 2014
Last updated 19 hours ago
Jun 24 2010 | 7:16am ET
If something doesn’t change for two whole years, is it still news?
News or not, Fortress Investment Group said it won’t pay a second-quarter dividend. The alternative investments giant has not paid a dividend to investors since the second quarter of 2008.
As with the previous seven quarters, Fortress said it would hold onto the capital that would have otherwise paid the dividend “for potential future investment opportunities and for working capital purposes.”
New York-based Fortress, which manages about $32 billion, posted a first-quarter loss, but saw the performance of its funds and its fee income rise sharply.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…